Press Release

For immediate release

Note: The Written Agreement attached to the July 2 press release contained clerical errors. On November 10, 2010, it was replaced with the corrected version of the Written Agreement. It is attached.

The Federal Reserve Board on Friday announced the execution of a Written Agreement by and among Cecil Bancorp, Inc., Elkton, Maryland, a registered bank holding company, its subsidiary bank, Cecil Bank, Elkton, Maryland, a state-chartered member bank, the Federal Reserve Bank of Richmond, and the State of Maryland Commissioner of Financial Regulation.